Word: retailer
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Dates: during 1990-1999
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...retail, the selling of porn has become less lurid. Vivid is happy to peddle videotapes in a more Main Street manner through the Adam & Eve catalog, which is mailed to 2.5 million people a month, and Tower and Virgin record stores, where the "Vivid girls" have done signings. Castle Superstores, a chain of eight Wal-Mart-size outlets in the West, is trying to bring a sense of class to the business. By getting rid of peep shows and strippers, the Castle stores have been able to attract a clientele that is nearly 50% couples, much higher than...
...individual investor will never be king on Wall Street. But you've come a long way in the '90s, baby, and at least now you're living on the palace grounds. That's why institutional brokerages have been rushing to merge with retail houses, and mutual funds have been multiplying like rabbits. Everyone wants to serve the little guy, who these days may have $100,000 or more sitting in a 401(k) plan. Titans of finance haven't yet figured out how to sell you a fairly priced IPO, but there are enough of you out there to make...
...that's terrific news. In general, it means you get access to timely research, lower commissions, better service and, increasingly, Wall Street's top money managers. A few years ago, Warren Buffett created a lower-priced Berkshire Hathaway stock, dubbed "Baby Berkshires," to satisfy retail demand. Now the venerable pension-fund manager Teachers Insurance and Annuity Association-College Retirement Equities Fund (TIAA-CREF), also known as the Teachers, has gone downmarket...
...gain for the Standard & Poor's 500, Morningstar reports. Ordinarily, I wouldn't write about a fund with less than a year's history. But these are irresistible in their simplicity, low expenses and minimums, proven record on the institutional side and now market-beating numbers on the retail side...
...another way," she said. "Would you rather buy them cheaply today or expensively when everyone wants them? Wholesale or retail, what will...